Published on November 4th, 2015 | by Daniel Sherman Fernandez0
BMW reports 4.8 billion Euro post-tax net profit so far this year
The BMW Group continues to perform well within a volatile market environment and recorded new highs to date for sales volumes, revenues and earnings in the third quarter 2015. These performance indicators also improved for the nine-month period, with new records established in each case.
Third-quarter worldwide sales of BMW, MINI and Rolls-Royce brand vehicles rose by 6.9% to 545,062 units (2014: 509,669 units), setting new records for this period. Helped by a tailwind from favourable currency factors, Group revenues climbed by 14.0% to € 22,345 million (2014: € 19,600 million). This strong performance helped push up profit before financial result (EBIT) by 4.3% to € 2,354 million (2014: € 2,256 million).
Thanks to improvements within the financial result, Group profit before tax (EBT) increased by 12.8% to € 2,263 million (2014: € 2,006 million). In the third quarter of the previous year, the financial result had been negatively impacted by a number of items, most notably period-end losses arising on the fair value measurement of derivatives. In line with these figures, Group net profit for the third quarter came in at € 1,579 million, significantly higher than one year earlier (2014: € 1,310 million; +20.5%).
Sales volume of the BMW Group in the first nine months rose by 7.5% to 1,644,810 units (2014: 1,529,880). On top of this came favourable currency factors, which helped Group revenues to grow by 16.4% to € 67,197 (2014: € 57,740 million). Profit before financial result (EBIT) for the nine-month period rose by 6.5% to € 7,400 million (2014: € 6,949 million). Despite the lower result from investments, partly reflecting the ongoing normalisation of the Chinese market, profit before tax (EBT) improved by 4.3% to € 7,114 million (2014: € 6,819) and exceeded the € 7 billion-mark for the first time for a nine-month period. Group net profit amounted to € 4,844 million and was therefore 6.8% up on the previous year’s record figure (€ 4,535 million).